Dimon cautions over soft landing for ‘unbelievable’ US economy
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FirstFT: Tesla faces difficult task to win shareholder vote, chair warns
Also in today’s newsletter, the threat to oil from Canadian wildfires and British firm loses $25mn in deepfake scamFinancial Times - World - Tesla -
Ethics Panel Cautions Juan Merchan, Judge in Trump Trial, Over Political Donations
Justice Juan M. Merchan, the judge overseeing Donald J. Trump’s criminal trial in Manhattan, donated modest amounts to Democratic groups in 2020.The New York Times - Top stories - Donald Trump -
Xi urged to respond with caution to Biden’s trade tariffs
Beijing advisers call on China’s leader to hold ‘moral high ground’ as spat with US intensifiesFinancial Times - World - Joe Biden -
This Commodity Tells a Story About the Entire Economy and It's Bullish
Copper prices have gone parabolic this year as traders bet on economic growth and AI.Inc. - Business -
Economy Losing Steam as Labor Market Tightens
Weekly jobless claim numbers decline as the impact of higher interest rates starts to hit key business sectors like homebuilding and manufacturing.Inc. - Business -
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.MarketWatch - Business -
All of Billie Eilish's senses are alive on the ravishing 'Hit Me Hard and Soft'
The pop star's new album gives the impression of someone who's accepted the unnatural demands of stardom and wants to figure out how to lead a full life in spite of them.Los Angeles Times - Entertainment -
Jamie Dimon sees ‘happy talk’ driving markets as he maintains cautious view
JPMorgan Chase chief executive is sticking to his outlook that a soft landing for the economy is less likely than markets expect.MarketWatch - Business -
Supplies arrive in Gaza via new pier but land routes essential, says US aid chief
Samantha Power says barely 100 trucks of aid a day enter Gaza, far less than 600 needed to address threat of famine. Humanitarian assistance has begun to arrive in Gaza along a US-made pier, but the US aid chief said the new sea corridor could ...The Guardian - World -
What does the Dow's 40,000-point milestone say about the economy?
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss ...CBS News - Top stories -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business -
Global Economy Will Grow More Than Expected, UN Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
US museum curator held in Turkey over spider and scorpion samples is freed
American Museum of Natural History says Dr Lorenzo Prendini was working on research project and ‘has arrived safely home’. A curator at the American Museum of Natural History in New York who was detained in Istanbul on Monday while allegedly ...The Guardian - World - Turkey -
Billie Eilish: Hit Me Hard and Soft review – still the great outlier of American pop
(Darkroom/Interscope Records)On this deeply involving third album, Eilish once again breaks the rules for arena-filling artists: it’s subtle and understated, yet jars the listener with eerie show tunes and explosive noise. Billie Eilish’s third ...The Guardian - World -
Music Review: Billie Eilish's 'Hit Me Hard and Soft' is zealous outsider pop in a league of her own
Billie Eilish's highly anticipated third studio album, “Hit Me Hard and Soft," has arrivedABC News - Entertainment -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
30-year Treasury yield falls for 3rd straight week after data indicate ‘serious headwinds’ for U.S. economy
Rates on U.S. government debt finished slightly higher on Friday even after new Conference Board data pointed to softer economic conditions ahead. However, yields finished lower for the week, with the 30-year rate experiencing its third straight ...MarketWatch - Business -
Sony Music warns global tech and streamers over AI use of its artists
Music group representing Adele and Beyoncé contacts more than 700 companies to prohibit use of contentFinancial Times - Business -
Russia-Ukraine war live: Moscow says West ‘playing with fire’ over Ukraine
The country’s foreign ministry said the supply of long range weapons to Ukraine by the UK and US had led to an escalation in the conflict. A long-range Ukrainian strike on the Moscow-controlled Belbek airbase in occupied Crimea destroyed three ...The Guardian - World - Ukraine -
Brady Tkachuk has goal, 3 assists in US 4-1 win over Poland at men's hockey world championship
Brady Tkachuk scored a goal and added three assists and the United States clinched a playoff-round berth with a 4-1 win over Poland in preliminary round play at the men’s world hockey championshipsABC News - Sports - NHL -
White House refuses to comment on Alito reports but says Biden believes ‘American flag is sacred’ – live
Karine Jean-Pierre says Biden believes US flag is ‘owed proper respect’ in wake of report saying upside-down US flag flew outside Alito’s home. Upside-down US flag reportedly hung outside Samuel Alito’s home days after Capitol attackThe Hawaii ...The Guardian - World - Joe Biden -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World